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Buying in Tobago

Requirements for the Purchase of Property in Tobago

When you’ve decided on what property you want to buy, a lawyer must be hired to do all the necessary searches for the property to ensure that the property is being sold free of all encumbrances and with vacant possession, and to do all the conveyance work.

An Example of Conveyance Charges & Costs (please check with your attorney)

  • Legal Fees (1.5%+)
  • Search Fees (TT$1,000.00)
  • Registration Fee (VAT exempt) (TT$100.00)
  • Oath/Copies (TT$100.00)
  • Preparing Contract Federal Express expenses (TT$600.00)
  • Preparing Land Tax Return (TT$550.00)
  • Valuation (on a dwelling) (TT$800.00)
  • Fed Ex and Notary documents (TT$800.00)
  • Stamp Duty (no VAT charged on Stamp Duty)
  • VAT (15%) is charged on all of the above, except on the registration fee and on the stamp duty.

Stamp Duty on Residential Land (Land Only)

The consideration must be greater than TT$450,000.00 and is calculated as follows:-

  • When the purchase price is below TT$450,000.00 – 0%
  • Between TT$450,001.00 and TT$650,000.00 – 2% on every dollar in excess of TT$450,000.00
  • Between TT$650,001.00 and TT$850,000.00 – 5% on every dollar in excess of TT$650,000.00
  • When the purchase price is over TT$850,000.00 – 7% on every dollar in excess of TT$850,000.00


Can Non-Trinidad and Tobago nationals purchase property in Tobago?

Foreigners are allowed to purchase property in Tobago but must apply for a license before doing so.

Application guidelines and an Application form can be found on the Trinidad & Tobago Ministry of Finance website: www.finance.gov.tt

(Application guidelines: www.finance.gov.ttdocuments/news/mrEC0CBD.pdf and Application form: www.finance.gov.tt/documents/129.pdf)

Are the various contracts available for viewing?

Yes, all the legal contracts are available for viewing as well as a downloadable version which can be found on the Hope Estate website by:clicking here to see our legal documents section.